Inflation in Finland

Finland Harmonized Inflation | Economic News & Forecasts

Finland - Harmonized Inflation

Inflation stable for fifth month running in December

Consumer prices increased 0.14% in December over the previous month, swinging from November’s 0.17% decrease and marking the strongest price increase in five months. Looking at the details of the release, the print reflected higher prices for transport and restaurants and hotels. However, those were partly offset by lower prices for clothing and footwear.

Inflation came in at 0.2% in December, matching November’s reading. Meanwhile, the trend pointed downwards, with annual average inflation coming in at 0.3% in December, from November’s 0.4% print. Lastly, harmonized inflation came in at 0.2% in December, matching November’s print.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.1% in 2021, which is unchanged from last month’s estimate. In 2022, our panelists see inflation averaging 1.5%.

Finland - Harmonized Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (HICP, annual variation in %)-0.2  0.4  0.8  1.2  1.1  

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Finland Harmonized Inflation Chart


Finland Inflation
Note: Annual variation of harmonized index of consumer prices (HICP) in %.
Source: Statistics Finland.

Finland Facts

Value Change Date
Bond Yield0.033.70 %Dec 30
Exchange Rate8.78-0.38 %Jan 01

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